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BSEE to increase the time of inspections on offshore platforms

Starting from April 1, the Bureau of Safety and Environmental Enforcement will increase the physical inspection time offshore platforms. This is an attempt to find ways to make inspections more efficient and reduce helicopter operating expenses. Using technology, BSEE’s inspectors will have more time to inspect operations offshore, ensuring safety at more than 2,200 facilities in the Gulf of Mexico.

Netherlands gives the nod for a 700 MW non-subsidised wind farm

The Dutch government has awarded Swedish Vattenfall the permit to build a 700 MW non-subsidised offshore wind farm, in the North Sea, which could produce renewable electricity for 1 to 1.5 million homes. In December, Vattenfall submitted a bid for the first of the two 350 MW slots known as Hollandse Kust I and II.

Ten technology companies receive fund to improve oil and gas sector

Pipelines that are connected and a safer, greener and cheaper alternative to LNG could take place in the UK North Sea as part of the TechX Pioneer technology accelerator programme. Each company will receive £25,000 seed funding to develop their business and improve the technology through a 6-week programme, which starts at the Oil & Gas Technology Centre in June 2018.

Statoil changes its name to Equinor

Statoil will propose to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The new name will be proposed to shareholders to the Annual General Meeting on 15 May. The Norwegian government, as majority shareholder, will vote in favour of the new name.

New simulator to be built for Mad Dog Phase 2

A new custom-built multi-purpose dynamic simulator will be created, to serve the Mad Dog Phase 2 project in the Gulf of Mexico. The new system wants to provide a realistic simulation environment. The simulator is expected to be delivered at least one year before first oil, in order to give time to train the operators.

TurkStream offshore section installed by half

Half of the offshore section for the TurkStream Offshore Gas Pipeline has been installed. Namely, over 930 kilometer of pipeline has been laid in total on the seabed of the Black Sea, divided over two strings. Pioneering Spirit, the vessel conducting deep-water sections of the pipeline, passed kilometer point 706 for the first line.

Mitsui makes offer for AWE acquisition

Mitsui is about to make an offer of A$0.95 cash per share for all of the issued shares of AWE, which was announced on 5 February 2018. Mitsui currently has an interest in 3.01% of AWE’s shares. Mitsui will declare the offer unconditional if it acquires an interest in AWE shares of at least 50.1%, on 14 March 2018.

Energean sign deal with banks for Karish Development Project

Energean Oil & Gas announce that Energean Israel signed a Senior Credit Facility of up to $1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim and Societe Generale as Mandated Lead Arrangers. The Facility Agreement will fund the development of the Karish offshore gas field over the next three years, with first gas production expected to set out in early 2021.

Major oil companies bid for oil and gas blocks off Greece

After the Greek Ministry of Environment & Energy released a Call for Tenders regarding the exploration and exploitation of hydrocarbons Offshore West Crete and Southwest Crete, a consortium of Total, ExxonMobil and Hellenic Petroleum, submitted  offers for these two lease block areas.  

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